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Bureau of Public Enterprise

Bank of Agriculture - BoA

Minister: Federal government to finalise Bank of Agric recapitalisation in 90 days

The Federal Government says it will finalise the recapitalisation of the Bank of Agriculture (BoA) in 90 days, in collaboration with the Bureau of Public Enterprise.
Benin Electricity Distribution Plc. (BEDC)

Edo civil activists want BPE chief removed from BEDC board

The Director-General of the Bureau of Public Enterprise (BPE), Alex Okoh, has been asked to disqualify himself from the management board of BEDC electricity plc.

BPE denies alleged expiration of Discos licences

The Bureau of Public Enterprise (BPE) has described a untrue, rumours that the operating licences of 11 electricity distribution companies in Nigeria have expired and needed to be renewed by the federal government.
Nigeria Stock Exchange

Skyway Aviation set for listing on NSE

A ground handling firm, Skyway Aviation Handling Company Ltd. (SAHCOL), has intensified plans to enlist on the floor of the Nigerian Stock Exchange (NSE) within the next few months.

Hassan Bello: Port concession review bound to fail without NSC involvement

The Nigerian Shippers’ Council (NSC) has warned the Nigerian Ports Authority (NPA) that port concession review is bound to fail without its involvement.
Aluminum Smelter Company of Nigeria (ALSCON)

Minister: ALSCON to resume operation soon

Abubakar Bwari, the Minister of State, Mines and Steel Development, says the Aluminum Smelter Company of Nigeria (ALSCON) in Ikot Abasi in Akwa Ibom would resume production soon.

BPE: We won’t compromise on transparency in sale of public assets

Mr Alex Okoh, the Director General, Bureau of Public Enterprise (BPE) has assured that the organisation would not compromise on transparency and integrity in the sale and management of public assets in the country.

ALSCON: Federal govt signs renewed share purchase agreement with UC Rusal

The Federal Government has given official recognition to Messrs UC Rusal, a Russian Company, as the core investor of the Aluminium Smelter Company of Nigeria (ALSCON), Ikot Abasi, Akwa Ibom State, following the signing of the Renewed Share Purchase Agreement between Government and the Russian company in Abuja, on Friday.

Killings going on in Benue despite IGP Ibrahim Idris presence – Group

A group, Community Development Coalition, has raised the alarm that Fulani herdsmen are still carrying out killings in the Guma and Logo local government areas of Benue State.

SERAP wants investigation of privatised enterprises

The organisation urged Mr. Buhari to “reform the Bureau of Public Enterprise (BPE) to remove opportunities for corruption in privatisation process, and to instruct the EFCC and ICPC to ensure the recovery of proceeds of corruption.

2018 Budget: SEC predicts gains for capital market

The Securities and Exchange Commission (SEC) has reacted to the 2018 budget estimate presented to the National Assembly by President Muhammadu Buhari in Abuja Tuesday, noting that its implementation would boost the capital market.

Senate invites IGP Ibrahim Idris, others over unpaid N6.5bn revenue

The Senate Ad-hoc Committee on Alleged Fraudulent Activities in Collection, Accounting, Remittance and Expenditure by Revenue Generating Agencies has invited the Inspector-General of Police (IGP), Mr Ibrahim Idris, to appear before it.

Recent Stories

Frank Lampard wants Tim Cahill as his first summer signing

Former Chelsea manager Frank Lampard is keen on making The Blues skipper Tim Cahill his first summer signing if Derby County makes the cut to play in the Premier League next season.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

N400 million fraud: Judge accuses defence counsel of frustrating trial

Justice Okon Abang of Federal High Court sitting in Maitama, Abuja, on Monday, expressed displeasure as the various methods being employed by the defence team of the former National Publicity Secretary of the Peoples Democratic Party (PDP), Chief Olisa Metuh, in the ongoing N400 million alleged fraud by the Office of the National Security Adviser (ONSA).

Unity Bank refutes SPIPRPP’s N7 billion allegation

Unity Bank Plc on Tuesday faulted the allegation against it by the Special Presidential Investigation Panel for Recovery of Public Property (SPIPRPP) over the ongoing reconciliation of affected Ministries, Departments and Agencies’ (MDA) accounts.
In a statement published on the UK Metropolitan Police website on Monday, it said, the trio, Kennedy Udo, 29; Michael Mgbedike, 22 and Emmanuel Okubote, 27, were all convicted by Woolwich Crown Court for a combined 40 years.

Three Nigerians jailed for drugs smuggling, firearms offences in UK

Three Nigerians have been handed 40-year imprisonment by a United Kingdom court for attempting to supply firearms and illicit drugs, officials have said.

Bismarck Rewane: Weak institutions hinder Nigeria’s economic growth

Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has emphasized the importance of building strong institutions if Nigeria must achieve the desired economic growth.